Owner seeking buyer for Lafayette Square Mall
Lafayette Square Mall is up for sale. And whether the Indianapolis-area’s third largest shopping center remains a retail property or is redeveloped into something else will be determined by the buyer.
Susan Orr
Articles
Rolls-Royce embroiled in lawsuit over military contract
The company says the nearly $50 million it’s spent developing technology for new laser weaponry over the past decade is now threatened because of a dispute with a fellow military contractor.
Expert: Economy inching closer to downturn as workforce constrains growth
Jeff Korzenik, chief investment officer for Fifth Third Bank, told the audience at IBJ’s 2020 Economic Forecast that employers need to investigate nontraditional sources of workers to offset the weak labor market.
L.A. Fitness taking over empty north-side Marsh store
The chain’s 11th gym here will be an upscale version of what local members are used to. Also this week: Chuy’s restaurant and Vinny’s Drive Bar.
Jason’s Deli leaving Indianapolis-area market
Local closures set for Monday will leave the Beaumont, Texas-based deli chain with only one Indiana store, in Evansville.
Calumet Specialty Products sells San Antonio refinery for $63 million
The San Antonio facility has a throughput capacity of 21,000 barrels a day and produces diesel, jet fuel, gasoline and other jet fuel products.
IndyGo says vendors causing missed Red Line deadlines
IndyGo vendors are still working to deploy two key features that were supposed to be in place when the Red Line launched Sept. 1—and the delays are both disrupting Red Line operations and hurting IndyGo’s bottom line.
As other retailers stumble, dollar stores are on growth tear
Consider the humble dollar store: modest in size, basic in appearance and laser-focused on selling cheap stuff. But don’t discount them: These stores are big business.
Economic growth to slow in state, Indy area in 2020, IU forecast says
The Indianapolis metro area’s growth is expected to be slightly better than statewide averages, but both local and state growth will be lower than the 2% expected nationally, the forecast says.
Wisconsin-based sub sandwich chain targets Indianapolis market
Cousins Subs, which recently opened its first Indiana location in Crown Point, is hoping to open eight to 10 stores in the central Indiana market. Also this week: News on Ellison Brewing and Massage Heights.
High-end Nora furniture store to close at year’s end
Form + Function owner Helmut Fortense is shutting down his store at the end of the year following 23 years in business so he can retire.
Free rides on IndyGo’s Red Line extended through end of November
This is the second time IndyGo has extended the free period on the Red Line, which was originally set to begin collecting fares Oct. 1. IndyGo said its new ticketing system from vendor Flowbird isn’t yet ready for use.
Triumph motorcycle dealership to open on Sun King’s downtown campus
The brewery and dealership are hoping they’ll benefit from each other’s main customer bases.
Q&A: Melangton leads campaign to help homeless women, children
Sports executive Allison Melangton had never led a capital campaign before Wheeler Mission asked her to chair its $12 million fundraising effort.
Butler University sues Metro Diner over campus restaurant closure
Florida-based Metro Diner closed its Butler location in March. Butler says the lease is still in effect and it’s suing for unpaid rent. Metro has four other Indianapolis-area locations that remain open.
Granite City closes Carmel restaurant
The closure leaves Minnesota-based Granite City with only one Indiana location, in Fort Wayne. The company has struggled with financial problems in recent years, and has shuttered numerous locations in recent months.
Bravo! restaurant closes, site up for sale
The demise of the Castleton restaurant follows the chain’s sale to a private equity group. Also this week: Kilroy’s, Becker Supply, Nurture, Purse Strings and more.
Local developer inks deal to buy 17-acre site from airport
The undeveloped site between Perry Road and Airtech Parkway is adjacent to the Shops at Perry Crossing and the Plainfield Commons shopping center.
J.P. Morgan sues ex-broker after client exodus to his new firm
The brokerage alleges that Erik Weiss, since leaving for a job with Raymond James & Associates last month, has been improperly soliciting clients to follow him.
Airport firefighters, police officers voting on unionization
The police and fire departments at Indianapolis International Airport have been non-union since 2011, when the airport authority withdrew its recognition of employee unions.